US equity indexes mostly closed a little higher, SPX +2pts (0.1%) at 3690. Nasdaq comp' -0.3%. Dow +0.4%. The Transports settled +0.5%.
sp'daily5
VIX'daily3
Summary
US equities opened on a positive note, as the market quickly decided that a $2000 stimulus check is better than $600.
Indeed...
So... it'd seem the political hacks on both sides, will now put before President Trump, a revised stim' bill 4, that offers $2000 per US citizen. I'd guess that will amount to another $350/400bn on top of the existing $900bn. The printers at the fed will duly need to be spun up a little more.
The afternoon saw considerable chop, if leaning distinctly weak into the close, with the SPX settling +2pts, which made for a spiky black candle... and that bodes bearish for the Thursday half session.
Volatility was subdued, the VIX settling -3.8% to 23.31.
--
–
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and want more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
